blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
BET NOW
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
BET NOW
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Hong Kong Paves a Clear Route for Blockchain Job Seekers

Tom Nyarunda by Tom Nyarunda
August 29, 2018 - 3:30 pm
in bitcoin news, blockchain news, ethereum news
0
Hong Kong Plans More Stringent Rules for Cryptocurrencies
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The government of Hong Kong has issued the much awaited “Talent List” to attract expatriates to address a biting human resources shortage including in innovative technologies like Blockchain. The government will use expedited immigration policy to ease labor shortage caused by a rapidly aging population to create a competitive edge.

Hong Kong’s Blockchain Push

The “Talent List” released on Tuesday, August 28, 2018, listed 11 professional areas qualifying for bonus marks from experts applying for the Quality Migrant Admission Scheme (QMAS) that was inaugurated in 2006 to expedite successful applicants entry and settlement into Specialized Chinese administrative regions without first securing local employment. The press release notes some specialized areas included:    

“Innovation and technology experts in, but not limited to […] artificial intelligence, robotics, distributed ledger technologies, biometric technologies and industrial/chemical engineering.”

Hong Kong’s Financial Secretary Paul Chan had stated in his budget speech on February 28, 2018, that the Labor Bureau was planning for enhanced talent admission. Chan noted that the local 3 percent unemployment rate showed a tight labor market but decried the fact that the workforce was expected to shrink gradually thanks to the rapidly aging population and slowing down economic development:    

“Manpower and talent shortages in the workforce have impeded Hong Kong’s economic development and competitiveness.”

The initiative will fast-track immigration processes and enables Tech companies at the city’s two technology parks to hire IT and Blockchain expatriates and have them working within four weeks. The Hong Kong Science and Technology Parks and Cyberport have over 700 companies that will benefit from the scheme.

The city’s Secretary for Innovation and Technology Yang Wei-Hsiung said in May this year he believed the streamlined immigration procedures would help secure the right talent amid heightened global competition and elaborates:   

“IT talent shortage is a global problem instead of a unique problem in Hong Kong. We are trying to grab hold of the so-called leader talent.”

The initiative comes when Hong Kong’s government is enhancing efforts to nurture a talent pool among eight critical areas including the Distributed Ledger Technology. The city determined to boost IT development and improve Blockchain technology adoption so the city can catch up with, increase its financial technology competitiveness and become an international technology hub.  

The Hong Kong Monetary Authority, the city’s de facto central bank, is already planning to roll out a Blockchain-based network among several banks starting September this year to facilitate trade finance transactions.   

Tags: BlockchainTechnology
ShareTweet
Tom Nyarunda

Tom Nyarunda

Entrepreneur and freelance writer based in Nakuru, Kenya. I cover cryptocurrency, the Blockchain technology, and financial topics. It’s my joy to transform the simplest phrases in a way they reach a reader’s heart to help them discover how crypto is disrupting the world as we have known it. I believe in transforming the world, one word at a time.

Recommended For You

Marathon Digital Records Positive Bitcoin Production In May, Increases 77% In a Month

by Kester Odero
June 2, 2023 - 12:34 pm
0
Bitcoin

Marathon Digital achieves remarkable growth, generating a record-breaking 1,245 BTC in May 2023, an increase of 77% from previous month.

Read more

Binance Enables $USDT Deposits on Arbitrum One and Optimism Networks

by Umair Younas
June 2, 2023 - 11:35 am
0
Binance

This integration marks an important milestone for Binance and expands the availability of USDT on the networks of Arbitrum One and Optimism.

Read more

Uwerx (WERX) Launches Alpha Platform First Phase with More to Come In Coming Weeks

by Josh Fernandez
June 2, 2023 - 11:07 am
0

Uwerx announces the launch of its alpha platform's first phase, marking an exciting milestone in its journey to transform the freelancing industry.

Read more

TrustBit Joins Forces with REI Network to Unite Blockchain Advancement

by Umair Younas
June 1, 2023 - 1:59 pm
0
trustbit rei network

The initiative is focused on enhancing blockchain innovation. TrustBit is determined to offer a friendly and cost-effective blockchain agenda.

Read more

Bitget Shatters Boundaries: Unveils Multi-Chain EVM-Compatible Address Support

by Samuel Edyme
June 1, 2023 - 1:50 pm
0
bitget

Bitget has made history by becoming the first cryptocurrency exchange to introduce support for an EVM-compatible address.

Read more
Next Post
PwC Global Survey: China to Lead Blockchain Adoption, ICOs and Token Issuers Dominate Growth

PwC Global Survey: China to Lead Blockchain Adoption, ICOs and Token Issuers Dominate Growth

PARTNERS LIST

  • sp

PRESS RELEASE

DiscoverthePowerofBRCLearnNowxnxuMuCflZ

OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

by Chainwire
June 1, 2023 - 8:13 pm
0

SAN FRANCISCO, UNITED STATES, June 1st, 2023, ChainwireWith BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens...

photoy

HedgeUp (HDUP) Showcases Why It’s a Better Token Than Chainlink (LINK) and Solana (SOL)

by Max Clark
June 1, 2023 - 1:38 pm
0

Explore the dynamic world of cryptocurrencies with our detailed analysis of HedgeUp (HDUP), Chainlink (LINK), and Solana (SOL).

kine protocol

Kine Protocol Achieves Major Milestone with MSB Cryptocurrency Trading License

by Max Clark
June 1, 2023 - 10:12 am
0

Kine Protocol, a leading decentralized exchange, earns a milestone MSB Cryptocurrency Trading License, marking its entry into the US market.

imageedithAICLCD

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

by Chainwire
May 31, 2023 - 2:06 pm
0

London, United Kingdom, May 31st, 2023, ChainwireMarking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled...

n

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise